KATE CALVERT | INVESTEC
Full-year 2014 profit came in £100,000 better than we expected, after a warning in March following weak January and February sales. We believe the longer term growth prospects remain intact with the current valuation supported by an attractive dividend and strong cashflow.
NEIL SAUNDERS | CONLUMINO
The plans to invest in technology and logistics should help ease this number up over the next few years, but given the competition in the online market Majestic will need to be nimble to take advantage. Overall, we remain confident that Majestic can continue to hold its own in a competitive market.
SANJAY VIDYARTHI | LIBERUM
Full-year 2014 results were in line with lowered guidance issued on March 20. There is a strong underlying business here that is fixable. But at this valuation, we need to see signs of meaningful recovery before turning more positive.